Which of the Following Is the Third Step in the Procedure

Multiple Choice

Which of the following is the third step in the procedure of conducting a research by researchers using a DSGE model?​

A) ​To match up the model with economic data, using statistical techniques to calculate the size of shocks that occur.
B) ​To pose the question to be answered.
C) ​To simulate the model and compare statistical properties of the model with those of the data.
D) ​To develop a model containing major elements needed to answer the question, and to analyze the decision that each economic agent must face.